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HOUSTON AMERICAN ENERGY CORP — Director's Dealing 2016
Jun 9, 2016
33621_dirs_2016-06-09_8d95e1b2-9770-4a31-9ed9-8ac67b2a755e.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: HOUSTON AMERICAN ENERGY CORP (HUSA)
CIK: 0001156041
Period of Report: 2016-06-07
Reporting Person: Hartzell Stephen (N/A)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-06-07 | Stock Option (Right to Buy) | $0.2201 | A | 50000 | Acquired | 2026-06-07 | Common Stock (50000) | Direct |
| 2016-06-07 | Stock Option (Right to Buy) | $0.2201 | A | 150000 | Acquired | 2026-06-07 | Common Stock (150000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 56000 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $5.45 | 2017-05-21 | Common Stock (10000) | 10000 | Direct |
| Stock Option (Right to Buy) | $2.05 | 2019-06-09 | Common Stock (6666) | 6666 | Direct |
| Stock Option (Right to Buy) | $14.08 | 2020-06-15 | Common Stock (25000) | 25000 | Direct |
| Stock Option (Right to Buy) | $16.07 | 2021-06-13 | Common Stock (25000) | 25000 | Direct |
| Stock Option (Right to Buy) | $1.65 | 2022-06-11 | Common Stock (100000) | 100000 | Direct |
| Stock Option (Right to Buy) | $0.3075 | 2023-06-11 | Common Stock (25000) | 25000 | Direct |
| Stock Option (Right to Buy) | $0.415 | 2024-06-10 | Common Stock (50000) | 50000 | Direct |
| Stock Option (Right to Buy) | $0.2028 | 2025-06-09 | Common Stock (50000) | 50000 | Direct |
Footnotes
F1: The options were granted on June 7, 2016 and are exercisable six months from the date of grant, subject to vesting. The options vest 20% on the date of grant and 80% nine months from the grant date.
F2: The options were granted on June 7, 2016 and are exercisable six months from the date of grant, subject to vesting. The options vest (a) 50% on the earlier of (i) June 7, 2017, or (ii) the day prior to the next annual shareholders' meeting, and (b) 50% on the earlier of (ii) June 7, 2018, or (ii) the day prior to the second annual shareholders' meeting following the grant date; provided that (c) all unvested options will vest upon completion of a transaction(s) involving the issuance of equity securities providing not less than $2 million of additional shareholders' equity.